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Frontiers of Business Research in China

Table 7 Heterogeneity test: Different administrative levels

From: Industrial policy, structural transformation and economic growth: evidence from China

Independent variable

Dependent variable: Y

Sub-provincial cities

The other cities

IP

−0.0997**

0.0461**

(0.0401)

(0.0200)

Control variables

Yes

Yes

Year_FE

Yes

Yes

City_FE

Yes

Yes

N

165

2497

Adj.R2

0.955

0.836

  1. Notes. (1) ** means P < 5%; (2) The estimated coefficients in parentheses are the robust standard errors clustering to the city level
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